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Wolf Midstream Unveils $1 Billion Phase Two Expansion for NGL North System

Wolf Midstream (Wolf) is pleased to announce a positive final investment decision to proceed with its NGL North Phase Two project. This expansion will significantly boost the natural gas liquids (NGL) production capacity of Wolf’s existing NGL North System, which was successfully commissioned in 2023.

Upon completion, the expanded system will have the capability to recover NGL from approximately 1.5 billion cubic feet per day (Bcf/d) of natural gas and produce over 90,000 barrels per day (bpd) of NGL, including over 60,000 bpd of ethane. The majority of this production is committed under long-term agreements with Alberta’s growing petrochemical industry. The NGL North Phase Two project represents an incremental investment of approximately $1 billion in Alberta, supported by Wolf’s shareholder, Canada Pension Plan Investment Board (CPP Investments).

“NGL North Phase Two includes the Wolf Recovery Facility 2, which will recover higher carbon natural gas liquids before combustion at downstream oil sands production facilities,” said Kevin Jagger, President of Wolf NGL. “Additionally, the project encompasses a 125-kilometre pipeline lateral, a significant expansion of the Wolf Feedstock Separation facility in Sturgeon County, a new unit train rail terminal, and large-scale salt cavern storage.”

“This is a very exciting opportunity,” said Bob Lock, President and Chief Executive Officer of Wolf. “Along with pre-investment for future phases, this expansion continues to build out NGL North’s ultimate potential of processing nearly 3 Bcf/d and recovering 170,000 bpd of NGL, creating a crucial source of incremental, reliable feedstock supply for a new wave of downstream market development in Western Canada.”

“Since our initial investment in 2016, Wolf has made tremendous progress on its growth strategy in Alberta, delivering long-term value to the CPP Fund,” said Bill Rogers, Managing Director, Global Head of Sustainable Energies, CPP Investments. “The Phase Two expansion of the NGL North System further exemplifies management’s compelling vision for the company as well as the integrated value proposition Wolf offers to downstream customers.”

The NGL North Phase Two expansion is expected to be in service in 2027.

About Wolf Midstream

Based in Alberta, Wolf is a private company backed by Canada Pension Plan Investment Board (CPP Investments). Wolf was formed in 2016 to focus on the acquisition and development of innovative midstream energy infrastructure solutions in Western Canada. Wolf owns and operates the NGL North System – a proprietary, integrated natural gas liquids (NGL) recovery, transportation, and separation infrastructure system located in Alberta that produces ethane, propane, butane, and condensate.

SOURCE: Wolf Infrastructure Management Inc.

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